Marathon Oil Promotes Rob L. White to CFO

Marathon Oil Corporation has recently announced key officer promotions, with Rob L. White being promoted to Executive Vice President and Chief Financial Officer, effective May 1, 2024. Zach Dailey, Vice President of Internal Audit, will succeed Mr. White as Vice President, Controller, and Chief Accounting Officer on the same date.

Rob L. White, who has been with Marathon Oil since 1991, has more than 30 years of experience in oil & gas accounting and finance. He has held various leadership positions within the company, and prior to his promotion, he served as the Vice President, Controller, and Chief Accounting Officer since March 1, 2022.

Zach Dailey, who joined Marathon Oil in 2015, brings more than 17 years of experience in the oil & gas industry. He has served as the Vice President of Internal Audit since March 2022 and has held other significant roles within the company before his promotion.

This announcement comes as Dane Whitehead, the current Executive Vice President and Chief Financial Officer, intends to retire from Marathon Oil effective July 1, 2024. Mr. Whitehead will continue in his role until May 1, 2024, after which he will serve as an advisor to the CEO to facilitate the transition of his responsibilities before retiring in July 2024.

Marathon Oil expressed its gratitude to Dane Whitehead for his outstanding leadership and service to the company over the past seven years in his role as Chief Financial Officer. The company highlighted its sustainable free cash flow generation and return of capital to shareholders and credited Dane's contributions to their collective success.

These executive changes reflect the company's commitment to maintaining a strong leadership team, with Chairman, President, and CEO Lee Tillman expressing confidence in the capabilities of Rob and Zach to build upon the organization's strong foundation.

It's worth noting that Marathon Oil is an independent oil and gas exploration and production (E&P) company focused on competitive resource plays in the U.S., including the Eagle Ford, Texas; Bakken, North Dakota; STACK and SCOOP in Oklahoma; and Permian in New Mexico and Texas, along with an integrated gas business in Equatorial Guinea.

If you want to know more, read the company's complete 8-K report here.

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